Economy Current Affairs
June 4th week current affairs 2015
Category : Economy Current Affairs
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 1)   Ammenah Gurib Fakim is the prominent scientist sworn in as the President of which country recently? 

Ans : (3)
1. Cambodia
2. Cuba
3. Mauritius
4. Malaysia
5. Indonesia

Explanation: She is the first woman to hold the ceremonial position in the Indian Ocean island nation. Gurib-Fakim, 56, is the first female president of Mauritius, which gained independence from Britain in 1968 and replaced Britain`s Queen Elizabeth II as its head of state in 1992. She has also worked with the World Bank and other international institutions.


 2) Delhi state government has introduced mechanical road sweepers to effectively control air pollution and keep the city clean. Now Who is the chief Minister of Delhi?

 Ans : (3)
1. Arun jaitley
2. Sushma swaraj
3. Arvind kejriwal
4. Uma Bharathi
5. Nitish gadkari

Explanation: The mechanical sweeping machines are the initiative of the New Delhi Municipal Corporation (NDMC). These are aimed at effectively cleaning the roads of the city and reduce the exposure of dust and dirt particles to manual sweepers.


 3) Under the section 12 (1) (D) of Consumer Protection Act, the union government has filed complaint against which food Item? 

Ans : (3)
1. Top ramen noodles
2. Aashirwaad atta
3. Maggi noodles
4. Pillsburry atta
5. None

Explanation: Section 12(1)(d) of the Consumer Protection Act, 1986 enables the government to approach Consumer Forum to protect interests of consumers.


 4) India’s first driver less train was started in which city metro?

Ans : (3)
1. Lucknow
2. Mumbai
3. Delhi
4. Jaipur
5. Pune

Explanation: Bharat Earth Movers Ltd (BEML) manufacturing these trains in India. The new generation train, which is a part of a 20-set consignment, will be suitable to eventually run on UTO (unattended train operation) mode. These trains are being procured through Hyundai Rotem, which manufactures them at its facility in Korea.


 5) A B De Villers has been conferred with which Cricketer of the Year Award for 2015? 

Ans : (1)
1. South Africa
2. Australia
3. Zimbabwe
4. New zealand
5. England

Explanation: The award was presented to him at the 2015 Cricket South Africa Awards presentation ceremony held at Midrand in South Africa.


 6) Miniratna status has been awarded by the Department of Public Enterprises under the Union Ministry of Heavy Industry and Public Enterprises to which agency recently? 

Ans : (5)
1. Botanical survey of India
2. National bio diversity authority
3. National tiger Conservation authority
4. Central zoo authority
5. Indian Renewable Energy Development Agency Limited (IREDA)

Explanation: The scheme of awarding Navratna, Miniratna (Category-1 and 2) status to public sector undertakings (PSUs) was started by the Union Government vide a notification dated 22 July 1997 so as to grant greater autonomy to PSUs to become global giants.


 7) According to the Central food safety regulator FSSAI, how many variants of Maggi Noodles were found ‘Unsafe and Hazardous’ for human consumption?

 Ans : (4)
1. One
2. Three
3. Five
4. Nine
5. Ten

Explanation: The Central food safety regulator, FSSAI ordered Nestle to recall nine variants of Maggi instant noodles from the market. FSSAI has found nine variants of Maggi noodles `unsafe and hazardous` for human consumption. It asked Nestle to stop their production, import and sale with immediate effect. FSSAI said that Nestle launched `Maggi Oats Masala Noodles` without product approval and without undertaking risk or safety assessment.


 8) Notun Projonomo- Nayi Disha is the theme of the joint declaration highlighting bilateral cooperation issued by India and which country? 

Ans : (2)
1. Srilanka
2. Bangladesh
3. Kenya
4. Bhutan
5. Cuba

Explanation: Notun Projonmo- Nayi Disha means New Generation- New Direction. In the statement both the Prime Ministers underscored the need to strengthen and reform multilateral financial institutions and enhancing the participation of developing countries in international economic decision making.


 9) Narendra Modi received the Award of Liberation War Honour at Which place on behalf of atal bihari Vajpayee? 

Ans : (2)
1. Bhutan
2. Bangladesh
3. Srilanka
4. China
5. Japan

Explanation: Mr. Atal Bihari Vajpayee as a Foreign Minister and as a Prime Minister had given great emphasis on strong ties with Bangladesh and visited the neighboring country in 1999.


 10) The Home Ministry has struck down an Information and Broadcasting Ministry`s proposal for giving security clearance to 33 television channels of which Network.? 

Ans : (1)
1. Sun TV
2. Zee TV
3. Star plus
4. Maa TV
5. ETV

Explanation: kalanithi maran is the promoter of Sun TV Network. Earlier, the Home Ministry had denied security clearance to 40 FM radio stations run by the Sun Network, prompting Information and Broadcasting Minister Arun Jaitley to write to Home Minister Rajnath Singh in April, seeking a review of the decision. However, there has been no change in Home Ministry`s decision.


 11) 2 Billion Dollars amount of fresh line of credit was announced by PM Narendra Modi to support infrastructure development in which country? 

Ans : (2)
1. Bhutan
2. Bangladesh
3. Nepal
4. Srilanka
5. China

Explanation: The credit line which carries a 1% interest rate and a payment period of 20 years with 5 years grace, will be used mostly to finance infrastructure so that trade and investment can be increased to the mutual benefit of both countries. The actual projects will be decided by the Bangladesh authorities in consultation with Indian High Commission and EXIM bank which is handling the credit line.


 12) Russia excluded from (Group of Eight) G8 and resulting in annual G7 summit scheduled to be held in which country from 7th June’15?

 Ans : (1)
1. Germany
2. Bhutan
3. China
4. Bangaldesh
5. India

Explanation: Leaders from the world`s richest countries are due to attend the annual G7 summit in the Bavarian Alps in Germany. They are expected to use the meeting to maintain diplomatic pressure on Russia over the conflict in eastern Ukraine. Greece`s debt crisis and how to tackle global warming will also be on the agenda. Russia has been excluded from what was previously known as the G8, since the annexation of Crimea last year.


 13) Name the state that became first state to put on village data available on net? 

Ans : (4)
1. Karnataka
2. Tamil Nadu
3. Nagaland
4. Punjab
5. Haryana

Explanation: In Punjab, records of panchayats of all 13040 villages have been put on web and it has become first state of the country making village data available on Internet.


 14) How much amount of money was attracted by Mutual Funds in May 2015 in India?

 Ans : (2)
1. 200 Crore
2. 4200 Crore
3. 7760 Crore
4. 10000 Crore
5. 20000 Crore

Explanation: Mutual Funds attracted nearly 4,200 Crore rupees in May, taking the total net inflow close to 57,000 crore in the past one year, primarily on account of positive returns from equities. This also marks the 13th consecutive month of net inflows by mutual fund houses into the stock markets. According to data released by capital market regulator Sebi, the money in equities started coming in from the second half of May 2014, after the announcement of General Election`s verdict and the momentum has continued till date.

 15) Union Government recently announced plans to establish country’s ……… major port in Maharashtra ? 

Ans : (1)
1. 13
2. 14
3. 15
4. 16
5. 17

Explanation: Union Minister for Shipping Nitin Gadkari and Chief Minister Devendra Fadnavis unveiled a comprehensive port development plan for Maharashtra. An MoU for the port project in Dahanu, to be built by the Jawaharlal Nehru Port Trust (JNPT) and the Maharashtra Maritime Board, was also signed.

  16) Now the Coach of India A and Under-19 cricket teams is ……………….? 

Ans : (2)
1. Sourav Ganguly
2. Rahul Dravid
3. Ravi Shastri
4. K Srikanth
5. Virendra Sehwag

Explanation: Former captain Rahul Dravid has been appointed coach of the India A and Under-19 cricket teams.


 17) Barcelona lifted the UEFA Champions League trophy for the which time?

 Ans : (2)
1. Fourth
2. Fifth
3. Ten
4. First
5. Ninth

Explanation: In the summit clash at the Olympiastadion Berlin last night, the Spanish giants defeated Juventus.


 18) who won the French Open title held on 7th June’15? 

Ans : (1)
1. Stanislas Wawrinka
2. Novak Djokovic
3. Roger Federer
4. Andy Murray
5. None

Explanation: Stanislas Wawrinka defeated Novak Djokovic to win his first French Open title. The victory makes him only the second Swiss to win at Roland Garros after Roger Federer, the man he beat in the quarter-finals.

 19) Lewis Hamilton won the which Formula 1 Grand Prix on 7 June 2015? 

Ans : (1)
1. Canadian
2. USA
3. British
4. Kenyan
5. French

Explanation: Mercedes teammate Nico Rosberg (Germnay) finished the race at second place and Valtteri Bottas ends at third.


 20) A Memorandum of Understanding (MoU) was signed between India and Nether lands country during the Visit of the Prime Minister of the Netherlands to New Delhi. The MoU was signed for the development of vaccines. Who is the Prime minister of nether lands? 

Ans : (2)
1. Shri Martin Ruther
2. Shri Mark Rutte
3. Shri Madhur reorge
4. Shri Morkett Reoda
5. None

Explanation: The MoU signed under ‘Make in India’ initiative of Government of India will enable the Bharat Immunologicals and Biologicals Corporation Ltd (BIBCOL), a Central PSU under Department of Biotechnology, to develop Measles – Rubella vaccine at its plant at Chola, Bulandshahr, U.P.


 21) Nitish kumar was announced as the Chief Ministerial candidate of JD(U) - RJD alliance in the upcoming assembly elections in which state?

 Ans : (2)
1. Gujarath
2. Bihar
3. Uttar Pradesh
4. Maharashtra
5. Delhi

Explanation: Announcing this in New Delhi on 9th June’15, Samajwadi Party chief Mulayam Singh Yadav said Mr. Kumar`s name for the post was proposed by RJD President Lalu Prasad and now a final decision has been taken. Earlier, JD(U) leader Sharad Yadav along with RJD Chief and SP President had a meeting to discuss the alliance issue. Mulayam Singh Yadav said all leaders of JD(U), RJD and SP will hold a joint camping to defeat BJP and communal forces in the state.


22) The new Chief Information Commissioner is …………………? 

Ans : (2)
1. Arun Shorie
2. Vijai Sharma
3. K V Thomas
4. Naina Bhagath
5. None of these

Explanation: He is the senior most Information Commissioner.


 23) The new Central Vigilance Commissioner is ………………? 

Ans : (3)
1. T S Bhasin
2. Raj Sharma
3. K V Chowdhary
4. Vijai Sharma
5. None

Explanation: is the former Chairman of Central Board of Direct Taxes.


 24) The Information Commissioner in the Central Information Commission is ………………….?  Ans : (1)
1. Sudhir Bhargava
2. Sushil Sharma
3. Swapnil Gupta
4. Ajit Doval
5. Arun malhotra

Explanation: Sudhir Bhargava former Secretary in the Ministry of Social Justice and Empowerment has been appointed as the Information Commissioner in the Central Information Commission.


 25) Which cyclone storm remained practically stationary over east central Arabian Sea and now lay centered about 670 km west of Mumbai and 480 km southwest of Veraval in Gujarat?

 Ans : (2)

Explanation: It will move north-northwestwards and intensify further into a severe cyclonic storm during next 36 hours. Under the influence of this system, rainfall would occur at most places over coastal Karnataka, Konkan and Goa as well as south Gujarat with isolated heavy falls during the next 24 hours.


26) Railways has signed Memorandum of Understanding for research and development work for up gradation of Railway tracks for High speed trains with which Institute?

 Ans : (3)
4. IIT-Bombay
5. IIT-Madras

Explanation: The MOU was been signed by Railway Board Advisior R K Verma and , IIT (BHU), Director . Professor Rajeev Sangal . The MOU envisages research and development work for upgradation of Railway tracks for High speed trains.


 27) Name the university that has revealed the world`s first artificial leg capable of simulating the feelings of a real leg, even feeling pain?

 Ans : (4)
1. Australian University
2. Howard University
3. German University
4. Austrian University
5. Harward university

Explanation: An Austrian amputee, who has worn the leg for six months, said he no longer slips on ice and can tell he was walking on gravel, concrete, grass or sand.



 28) Andaman & Nicobar Union Territory received permission for the first ever which College on 8th June’15?

Ans : (2)
1. Science
2. Medical
3. Engineering
4. Dental College
5. None

Explanation: Chief Secretary of the Union Territory Administration, Anand Prakash told the media in the Islands capital on 8th June’15, the “Andaman & Nicobar Islands Institute of Medical Sciences” will start functioning from 1st September this year with an initial intake of 100 students for MBBS Course.


 29) The new Director General (DG) of National Security Guard (NSG) is …………….? 

Ans : (1)
1. R C Tayal
2. R R Bhatnagar
3. Rahul Kumar
4. J N Chowdhary
5. None

Explanation: He is a 1980-batch officer of the Indian Police Service (IPS), was the Special Director General of Central Reserve Police Force (CRPF) till now.


 30) The position of India secured in the 21st Asian Athletics Championships recently is ………….? 

Ans : (3)
1. First
2. Second
3. Third
4. Fourth
5. fifth

Explanation: India secured a medal haul of 4 gold, 5 silver and 4 bronze in the championships to finish third behind China (15, 13, 13) and Qatar (7, 2, 1).

  31) President of India recently inaugurated the first ever sewage treatment plant enabling to meet 80% of its requirements for horticulture through recycled waste water at which place? 

Ans : (1)
1. Embassy
2. Supreme Court Campus
3. Parliament House
4. President’s Estate
5. None

Explanation: This Sewage Treatment Plant, whose foundation stone was laid by the President on February 17, 2014, has been built in a record time of approximately one year and three months. The STP is in fulfillment of the recommendations of the Comprehensive Conservation Management Plan prepared by INTACH.


 32) The President of India Shri Pranab Mukherjee received the first copy in the language Braille of ‘Yogikasparsh’, a Yoga Manual written by ……………on 8th June’15? 

Ans : (1)
1. Smt. Nivedita Joshi
2. Smt. Nirmala Joshi
3. Smt. Nayana Joshi
4. Smt. Narmada Joshi
5. Smt. Nikhila Joshi

Explanation: The President received the Manual from Shri Subhash Kashyap, former Secretary General of Lok Sabha who formally released it.


 33) For How many NGOs , whose licensed has been cancelled by Centre Government for violation of Foreign Contribution Regulation Act?(2) 

Ans : (2)
1. 4000
2. 4470
3. 5530
4. 6532
5. 7890

Explanation: The Ministry had issued notices to the NGOs for not filing annual returns. In March this year, government banned 30 NGOs from receiving foreign funds after adverse reports about their activities. These are part of 69 NGOs which have been prohibited by the government from receiving foreign funds under Foreign Contributions Regulation Act.


 34) Which organization has launched a giant balloon carrying a kind of flying saucer that will test technologies for landing on Mars?

 Ans : (3)
1. ESA

Explanation: The aircraft fitted with the largest parachute ever constructed was launched from a military base in Hawaii on 8th June’15. It was the second test of the saucer like device called the Low Density Supersonic Decelerator. During the first test in June last year, the parachute shredded to pieces on the way down. NASA modified the design.


 35) What kind of restaurants will not charge any service tax from the customers? 

Ans : (4)
1. Self Service Restaurants
2. Serving Veg Food
3. Serving Fat Free Food
4. Non AC Restaurant
5. None

Explanation: The restaurants without air conditioning facility will not charge any service tax from the customers while the ones with ACs will charge only on the 40 per cent of the total bill amount. Restaurants, eating-joints or messes, which do not have the facility of air-conditioning or central-heating in any part of the establishment, are exempt from service tax.

 36) In which country , In the first cross border operation , Indian Army on 9th June’15 struck terrorist camps and killed nearly 20 North-Eastern insurgents? 

Ans : (2)
1. Bangladesh
2. Myanmar
3. Bhutan
4. Thailand
5. Malaysia

Explanation: In the first such cross-border operation, Special Forces of the army in coordination with the air force carried out a surgical strike inside Myanmar, killing nearly 20 insurgents of the groups believed to be responsible for the deadly ambush in Manipur that killed 18 soldiers.


 37) The author of the book ‘Flood of Fire’………………?

 Ans : (4)
1. Arundhati Roy
2. Salman Roushdie
3. Vijay Khare
4. Amitav Ghosh
5. None

Explanation: “Flood of Fire” is the final part of the famous “Ibis trilogy” by Amitav Ghosh, which comprises of historical fictional writings by him. The other two previous books under “Ibis trilogy”are – “Sea of Poppies” (2008) and “River of Smoke”. This trilogy is set in the first half of the 19th century.


 38) The new non-executive Chairman of ICICI Bank is …………….? 

Ans : (3)
1. K V Kamath
2. Chanda Kochar
3. M.K. Sharma
4. Vijay Shanker Sharma
5. None

Explanation: M. K. Sharma will succeed KV Kamath, who would step down from the Board to take on a bigger role as the first President of New Development Bank, established by the BRICS nations.


 39) How many districts are added in the National Capital Region, as announced by the Government recently?

Ans : (3)
1. 1
2. 2
3. 3
4. 4
5. 5

Explanation: Muzzafarnagar, Jind and Karnal Urban Development Minister M. Venkaiah Naidu announced the decision for including the three districts in NCR after chairing a meeting on 9th June’15 of the National Capital Region Planning Board (NCRPB) in New Delhi.


 40) Name the organisation that has announced that it would invest 5% of its funds in the Equity Market? 

Ans : (1)
4. RBI
5. None

Explanation: Government has allowed investing 5 per cent of EPFO corpus in stock markets.


 41) Recently, with which bank Indian Army has signed a Memorandum of Understanding on the Defence Salary Package?

 Ans : (4)
1. SBI
2. ICICI Bank
3. HDFC Bank
4. PNB
5. Axis bank

Explanation: The first MoU between PNB and the Indian Army was signed in 2011 and was valid for a period of three years. The MoU is tailor made to suit the requirements of serving soldiers, pensioners and families. The number of additional facilities have been incorporated in the revised MoU after due consultation between Bank & Army authorities. Speaking on the occasion Lt Gen Sharma expressed confidence that the MoU will benefit a large number of serving and retired Army personnel who are having their accounts with PNB; and also provide them an opportunity to access modern banking facilities.

 42) As per the Times Higher Education Asia University Ranking 2015, which university/institute has topped the list? 

Ans : (2)
1. Indian Institute of Science, Bangalore
2. University of Tokyo
3. National University of Singapore
4. University of Hong Kong
5. None

Explanation: University of Tokyo continued to retain the top position while National University of Singapore second and University of Hong Kong occupied third place as earlier.


43) As per the Times Higher Education Asia University Ranking 2015, how many Indian universities/institutes have secured a position in the top 100 list?

Ans : (3)
1. One
2. Five
3. Nine
4. Fifteen
5. Fourteen

Explanation: India`s progress has faltered and it has just nine top 100 universities, one fewer than last year. The IIT`s of Roorkee, Bombay, Delhi, Kharagpur and Madras, besides Aligarh Muslim University and Jawaharlal Nehru University figure among the top 100, though their rankings have come down from last year. According to the Times Higher Education Asia University Ranking 2015, Indian Institute of Science, Bangalore comes closest at 37th place and Punjab University at 38th position, down six places from last year.


 44) Who is the Sri Lankan cricketer who became deputy minister in Sri Lankan government? 

Ans : (1)
1. Sanath Jayasuriya
2. Arvind De Silva
3. Mahela Jayawardhane
4. Arjun Ranatunga
5. Kaluwathirana

Explanation: Jayasuriya was sworn in as Deputy Minister of Provincial Councils and Local Development. The appointments come just a week after 5 MPs of President’s party joined the Council of Ministers. The expansion of the Ministry is being done to secure support for the government lead by UNP leader Ranil Wickremesinghe. Last week 112 MPs in a house of 225 had signed a no confidence motion against Prime Minister Wickremesighe and called for installation of a SLFP Prime Minister. UNP has only 48 MPs in the house, but is supported by a faction of SLFP controlled by President Sirisena.


 45) Haryana state government has decided recently to link how many services with online system to provide hassle free and transparent services to people?

 Ans : (1)
1. 164
2. 165
3. 170
4. 178
5. 190

Explanation: Haryana Minister of State for Social Justice and Empowerment Krishan Kumar Bedi announced that government has decided to link 164 services with online system to provide hassle free and transparent services to people. He said that out of these, 23 services had already been linked with online system.

 46) According to World Bank sources, how many countries are there with the biggest investment commitments in 2014 ?

 Ans : (5)
1. 1
2. 2
3. 3
4. 4
5. 5

Explanation: Brazil, Turkey, Peru, Colombia and India These five countries together attracted 78 billion dollar. It represents 73 percent of the investment commitments in developing world in 2014. Investment commitments in China in 2014 were 2.5 billion dollar, its lowest level since 2010. According to a World Bank report, India has figured in top five emerging economies for highest investment commitments in private sector, infrastructure sectors - energy, transport and water. India has figured in the list despite a drop in investment commitments of 6.2 billion dollar last year.


 47) How much percent of gross domestic product, Current Account Deficit (CAD) shrinks in the January-March quarter of 2014-15?

 Ans : (3)
1. 0.1%
2. 1.2%
3. 0.2%
4. 2.3%
5. 4.5%

Explanation: A key measurement of a country`s trade, the CAD is the amount by which the value of goods and services imported by it exceeds the value of goods and services exported in a period. In a statement, RBI said that the deficit shrank to 1.3 billion US dollar or 0.2% of GDP in the quarter. This is lower than the deficit of 8.3 billion dollar, or 1.6 percent of GDP, in the previous quarter. The bank said the reduction in CAD was primarily on account of lower trade deficit as net earnings through services and primary income witnessed a decline on a quarter-over-quarter term.


 48) World Health Organisation has declared India free of which infection?

 Ans : (1)
1. Maternal and Neonatal Tetanus
3. Polio
4. Hepatitis A
5. Bird flu

Explanation: As per the WHO, the elimination of neonatal tetanus is defined as less than one case in 1000 live births in every district across the country. Abolishing a disease that was once responsible for 15% of deaths in the country is surely a matter of great pride. According to the experts, three major reasons for eradication of this disease were: 1.The increase in Maternal tetanus immunisation rates 2. Introduction of cash incentives for institutional deliveries & 3. Use of delivery kits that reduce contamination along with safe umbilical cord practices. Nagaland was the last Indian state to achieve maternal and neonatal tetanus elimination.


 49) World Day against which among the following was observed on 12th June?

 Ans : (2)
1. Polio
2. Child Labour
3. College Ragging
5. Pollution

Explanation: The theme of this year is NO to child labour – YES to quality education!


 50) Nek Chand Saini is the creator of the Rock Garden in which city who passed away on 12th June’15? 

Ans : (3)
1. Pune
2. Hyderabad
3. Chandigarh
4. Mumbai
5. Chennai

Explanation: He was known all over the world for his unique creation in Chandigarh, the Rock Garden. As a govt. employee he started creating the garden in his spare time in 1957. He used waste and useless articles like old switches, tyres, bicycle parts, bangles, mosaic, etc. from demolition sites around the city.